EducateKaro – Handpicked Tech & Startup News | Quick, Smart Summaries
Handpicked Tech & Startup News | Quick, Smart Summaries
Tesla is gearing up for the first real-world test of its robotaxi service next month in Austin, Texas. But instead of unleashing its Full Self-Driving (FSD) vehicles across the city, the company is starting with extreme caution—limiting the test to carefully selected “safe” zones.
Source: TechCrunch, CNBC
Ather Energy, India’s electric two-wheeler startup, has cut its IPO size by 18% to ₹26.26 billion ($308M) citing market conditions. Targeting a $1.4B valuation, Ather plans to invest proceeds in a new Maharashtra plant, R&D, marketing, and debt repayment. The company saw strong 2024 sales growth and aims to strengthen its position against rivals like Ola Electric.
Read more on INC42
Elon Musk ignored warnings from Tesla’s analysts and chose to focus on the Cybercab instead of the $25,000 Model 2. The team thought the Model 2 would sell well globally, but Musk went with the robotaxi. With Tesla facing tough competition and falling stock prices, this decision might hurt the company big time.
Read more on Yahoo
BluSmart, India’s electric cab startup, has paused operations in cities like Delhi-NCR and Mumbai amid a SEBI probe into Gensol Engineering, linked to co-founders Anmol and Puneet Jaggi. The brothers stepped down after allegations of fund misuse. Investors are stunned, and while a Uber pivot is rumored, Gensol denies it.
Read more on TechCrunch
Bengaluru-based IPEC secured $3 million from Gruhas to scale its EV charging solutions and manufacturing. Founded in 2017, IPEC supplies top EV brands like Ather and Bajaj, delivering over a million chargers. The company aims to double revenue in FY26, expand globally, and drive “Make In India” power electronics innovation for the EV sector.
Read more on Entrepreneur
Tesla is recalling 46,000 Cybertrucks due to a steel trim panel near the windshield that can detach while driving, posing a safety risk. The issue stems from faulty adhesive, and Tesla will fix it for free. This marks the Cybertruck’s eighth recall, highlighting ongoing quality concerns despite its strong sales in the EV truck market.
Read more on TechCrunch
Tesla’s finally rolling into India! They’ve signed a five-year lease for a showroom in Mumbai’s Bandra Kurla Complex, starting February 2025. The 4,003-square-foot space costs $446,000 in rent for the first year. After delays from regulations and infrastructure woes, Tesla’s back to spark India’s EV scene in one of the world’s hottest car markets.
Read more on TOI
Ola Electric is slashing over 1,000 jobs to tackle soaring losses, hitting Rs 562 crore last quarter—up from Rs 374 crore a year ago. It’s the second layoffs round after 500 cuts in November. Facing Bajaj Auto’s competition, Ola’s automating, restructuring, and using its 4,000 stores for inventory to boost margins and reclaim its EV edge.
Read more on YourStory
